It's undeniable that metaverse-related cryptocurrencies have been among the least likely candidates for price appreciation heading into 2023. Indeed, the price action with this group of assets has been dismal, with many tokens in this space losing 80% of their value, or more, in 2022 alone.

However, with a new year has come improved optimism for this sector. As of 1:45 p.m. ET, Flow (CRYPTO: FLOW), Decentraland (CRYPTO: MANA), and The Sandbox (CRYPTO: SAND) have surged 13.7%, 12.6%, and 12.1% higher, respectively, over the past 24 hours. 

These moves appear to be tied to a series of interesting catalysts for these projects.

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Source Fool.com